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Practical Guidance: Navigating your Way Through VAT Refunds and Objections

Overview

This video addresses the stumbling blocks hindering VAT refunds from being paid out and outlines the recourse available to taxpayers in cases of undue withholding of refunds. It also covers the taxpayer’s right to receive interest on delayed refunds and explains the process for claiming any owed interest.

The second part of the video focuses on the objection and appeal process. Understanding this process is crucial because failure to adhere to the prescribed procedures and disclosure requirements may lead to the rejection of objections.

Additionally, we discuss the various categories of assessments outlined in the Tax Administration Act and provide guidance on how to dispute each one. This webinar offers essential knowledge and tools to ensure that taxpayers' rights are safeguarded through the objection and appeal process.

Video Content

1. Refunds

   1. When is a refund payable to a taxpayer?

   2. What recourse does a taxpayer have if a refund is delayed?

   3. When is interest payable by SARS on a delayed refund?

2. Interest Payable to SARS

   1. When is interest payable to SARS?

   2. When may interest payable to SARS be waived?

3. Objections and Appeals

   1. Categories of assessments

   2. Categories of objections/other recourse

   3. The objection and appeal process:

      1. Time frames for lodging objections and appeals.

      2. Supporting document requirements for objections and appeals.

      3. Time frames for SARS to address objections and appeals.

Competencies Developed

After watching this video, you should be able to:

1. Technical Competencies 

   1. Understand the legal framework within which the VAT refund system operates. 

   2. Understand the framework within which interest is imposed and paid by SARS.

2. Understand the legal framework within which assessments are issued, and objections and appeals are lodged.

3. Operational Competencies: 

   1. Apply for interest payable and request a waiver of interest imposed.

   2. Lodge an objection to an assessment that complies with the requirements of the Tax Administration Act.

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